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'll get to the second topic. news today about the economy that was surprised a lot of economists. they weren't expecting for the economy to actually slink. contracted in -- actually shrank, contracted in the fourth quarter. >> eric: everybody says everything is great, obama recovery is great. see the line right there? it should be negative. it is below the line. economy shrank by one-tenth of 1% catching people by surpris surprise. >> dana: caught people from surprise? >> eric: everyone. everyone. everyone. everyone said wait a minute, we're moving. it wasn't 3.1% growth like the third quarter was. we thought it would be in the 1.5-2% growth, but growth none. first time in 3-1/2 years. we have spent $5.8 trillion, negative growth. >> greg: this is great, though. this is all part of president obama's immigration plan. shrink the economy, people leave. genius. >> dana: do you think it's weird that the white house blamed the republicans today faz they have nothing to do -- >> bob: i think, i think the serious blame goes to sandy more than anything else. i don't think i would - -- >>
terrible economy, people blaming bush in the twilight zone important this economy that has gone on for four years and now getting worse because he is smothering the private sector. they cover up these entitlements >> the election is over. you are not holding a grudge, are you? >> you don't care how much nbc and american people are able to see the reality of the two candidates for themselves. >> we got to run. >> sean: good to see you both. we're back in the recession. >> we're not in the recession but it was bad news. >> sean: it may be a recession, we'll see. i hope not. the country, his policies are not working. thanks for being with us. we learned earlier today for the first time in more than three years, the u.s. economy shrank for top democrats for nancy pelosi they are saying they are not responsible for the fiscal mess that you are now in. they are blaming other people. later tonight, it's bad enough that your tax dollars are being used to arm egypt with f-16s and tanks. we are watching the defense ministers now that the destination on the brink of collapse. what in fact is obama's p
. >>> first up, spanish economy contracted more than forecast with gdp down 1.8% annually, .7% from the previous quarter. analysts were looking for a smaller 1.7% drop over last year. speaking after the release, the spanish prime minister, mariano rajo, planned to announce new stimulus measures shortly. joining us are sarah perez fruitos, manager at brunswick capital, and sarah foley. add the gdp number to the awful retail sales, forecasts now that spain will still be in contraction in 2014, i don't see how it's at all possible the spanish government is going to meet -- they'll set out revised budget targets. i don't see how they'll meet any of them. >> really, the t's about the figures that we knew this morning. basically because last quarter we have an increase on the vat taxes and really we pass from the bat from 70% four years ago to 21% now in the last quarter. really as you say, the retail -- the consumer has fallen down dramatic. we need to remember that the public employees has cut their extra payment from the christmas extra payment. and this situation with no more extra fo
is at your door right now. >> dana: we'll get to the second topic. news today about the economy that was surprised a lot of economists. they weren't expecting for the economy to actually slink. contracted in -- actually shrank contracted in the fourth quarter. >> eric: everybody says everything is great obama recovery is great. see the line right there? it should be negative. it is below the line. economy shrank by one-tenth of 1% catching people by surprise surprise. >> dana: caught people from surprise? >> eric: everyone. everyone. everyone. everyone said wait a minute, we're moving. it wasn't 3.1% growth like the third quarter was. we thought it would be in the 1.5-2% growth, but growth none. first time in 3-1/2 years. we have spent $5.8 trillion, negative growth. >> greg: this is great though. this is all part of president obama's immigration plan. shrink the economy people leave. genius. >> dana: do you think it's weird that the white house blamed the republicans today faz they have nothing
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
in the technology industry where it was mentioned that between 2010 2010-2020, the american economy will annually create more than 120,000 additional computer or science jobs that were require at least a bachelors degree. that's just mention one aspect of this. this is great news for many of our computer science students. and for joy that is the end of the good news. each year only about 40,000 american students receive bachelor degrees in computer science. in other words, there are approximately 80,000 new computer science positions every year in the united states cannot be filled by available american workforce positions. and i have positions that need to be filled so that our technology industry can continue to thrive. simply put, u.s. based companies have a great need for those trained in the science, technology, engineering and math fields. but at least right now there are not enough americans trained and ready to fill these jobs. we cannot continue to simply hope that american companies do not move operations to countries where they have greater access for individuals trained in these s.t.e
their first meeting of 2013. investors watching carefully for any change in strategy to boost the economy. blackberry 10, research in motion is unveiling its latest and greatest device in hopes of saving the battered company. boeing, the dow component releasing quarterly results around 7:30 a.m. eastern time. we will have instant reaction and more on the dreamliner battery drama. and last but not least, the bulls going on another run. the dow jumping another 72 points to close just 46 points away from 14,000, just 210 points away from its all-time closing high. we have a big lineup covering the rally, the fed, and the economy this morning. >>> ed keon of quantitative management associates and dan greenhouse of btig will be serving up the markets for us. fed watchers will join us at 7:40 a.m. moody's chief economist, mark zanby will have the adp report at 8:15. >>> former national bureau chief marty feld stein will wrap it up at 8:40 a.m. eastern time. a big lineup. andrew, over to you. >> thank you. >>> the big news, the national transportation safety board is asking boeing for a full his
a new set of challenges after the commerce department reported yesterday that the nation's economy shrank for the first time since the great recession. >> how did that happen? >> well, government data shows the gross domestic product contracted at a .1% rate in the fourth quarter of 2012. it was the first decline since 2009. it put the white house on the defensive after months of touting steady job growth. >> there's more work to do, and our economy is facing a major headwind which goes to your point, and that's republicans in congress. talk about letting the sequester kick in, as though that were an acceptable thing belies where republicans were on this issue not that long ago, and it makes clear, again, that this is political brinksmanship of the kind that results in one primary victim, and that's american taxpayers, the american middle class. >> okay. what do you think is going on there, joe? >> i think what's going on is that we have spent more money as a government over the past four years than we have in the history of the republic. added $6 trillion in debt. and we have just
the economy, they say, is starting to turn around. what is going on here? we will bring in the senior business correspondent and anchor of bulls & bears. thank you for joining us. this number, then, is increasing. in fact, two years ago, 42 percent of retirees were putting off retirement. why the increase? >> it has been -- we have been getting more gray as a workforce because people have longer life spans and they have better health. we have switched from defined pension benefits to more risky 401(k) plans for people who have worked longer. the last two years was a dramatic jump leaving us to think it is something to do with the economy. people have been drawing down the 401(k)'s and into their savings because they have lost jobs and the value of homes are going down. the storm now is back where it was before the big financial meltdown in 2008 but, however, there is a feeling of insecurity. that is what is driving people to stay in the workforce longer. >>heather: home prices are rising now, and you mention the stock which has turned around if now. so, with the economy possibly rebounding, ho
be paid. when that goes into the family checkbook, it will go right in to the economy which we need right now. to buy shoes, to buy food, to do all the things that occur in the real economy. so we think it's great social policy, but we think it's an economic mandate. >> and senator boxer, that is a fact because with $10,000 less a year, then they earned with men, women could buy, if they had that money, 92 weeks of groceries or 13 months of rent or 39 months of family health insurance premium. i mean, we're talking food, housing, health care. this isn't just a little extra money. this is vital, especially for single moms. >> it is so critical. and it is, you know, what happens is we have a consumer-driven economy. about 70% of our economy depends on the consumer going out and spending. so when senator mikulski describes this, she's exactly right. an when you take it to a further level, it's critical. it's critical for the family. it's critical for retirement. it's critical for the economy. so all of this means we're going to have a real strong push. and i think this year, maybe we'll get
the economy we have right now? >> i think you'd see more hiring and i think you'd see more spending. those are the key things that drive the economy. you mentioned the numbers today. here's a key potent of that number. average hourly earnings, basically how much people are making by hour, right, as they work. do you realize we're at a one and a half year high in average hourly earnings. guess what the number is. it's a little over 2%. nobody has i any money. taxes are going up and people are making really lousy wages. >> people talk about fixing the tax code. one of the big questions is where do you start? would income tax be where with u start or start with corporate taxes or something like that? >> you have a couple things going on. one thing that's huge is the amount of money that's overseas in these corporations, right. the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month.
, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting up there. >> up there? >> close to his age. >> i have to put it out the night before. >> i lay my clothes out the night before, too. >> do you, really? >> oh, yeah, me, too. well, my wife is sleeping. i have to do that. >> all right. so did you, when you saw the down 0.1, what was your -- did you immediately explain it away? did you express shock, chagrin, angle, denial? >> no, i don't have an ee morm attachment to gdp -- >> you cover it long enough, and i cannot say that i don't have an emotional attachment to
unemployment at 14.4%. in the words of ed koch, how'm i doing? how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the job increa
winter taking us for a ride the last few days. >> that's right. >>> the other big story, the economy. the powerful rally on wall street. if you've invested in stocks, these are some pretty good days. >> and for the reasons that shares are trading at near record levels, we're pleased to say we are joined here in new york by abc's tahman bradley. good morning, tahman. >> reporter: good morning, sunny and rob. so nice to be up here with you, i brought some good news. seems like the economy is turning around. new data is -- are giving both investors and home owners reasons to smile. the economy posts numbers we haven't seen in years. it looks and feels like a comeback. stocks and the nation's housing market are soaring. the dow jones nearly hit the 14,000 mark yesterday, closing at 13,954, its highest level in five years. after an increase of 850 points in january, the dow is only 200 points away from its all-time high. the result, american investments are surging. the average 401(k) retirement account increased 20% in the last year. from $64,000 to roughly $80,000. >> the worst case sce
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
of the economy and financial crisis, that is what we are asking about you this morning, if the financial crisis has delayed those plants for you. give us a call. robert, clinton, md., you are on, sir. caller: 401k, in the early part of november my three kids were named the beneficiaries. we did all the paperwork. here it is, since february 4, and i have not got the money yet. the company that has the 401k, first of all, you cannot find them. i work in the credit union. they would not give you any information about the company that had the 401k. here it is, the fourth, and they still have not got the money. you have got to wait a long time to get your money. host: tell us a little bit about your plans, because of the limbo you are in. what does that mean for you? caller how it means i have to be very careful about four hope -- 401k. if something happened to me, i would release the money to my kids or something like that. if they needed it right away, they could get it, but they still have not received the money. i still do not know how these things work. because of the interest, i do not know. t
: they said that they believe gold prices will peak in 2013 because as the stock market rises, the economy improves. investors will now be looking for that safe haven investment like they used to. they are actually calling for an end to the 12 year rally in gold. we are off a little bit today. gold is down on the week. it is now down on the year. some bearish momentum continues in the gold market. overall, sentiment in the metal market is down right now. melissa: thank you so much, sandra smith. lori: let's talk more about the economy home prices. they are on the rise. november home prices rose 5.5%. so, for the year, prices rose in 19 of the 20 cities. new york the only city to see a decrease. phoenix saw the fastest gain in prices with a 22.8% in the year. stick around for jeff falk later in the hour. see that i cannot wait for that. rodney wildwood is a principal at lockwood development. you are looking at and island that is near detroit and you want to buy it and create this utopia. what would the tax policy be like because that is what i care about? >> do not fax anything you want to
to find a serious piece of economic evidence that low-end immigration is overall bad for the economy. it's good. it's a net -- it's a net positive for the economy. all kinds of immigration. because those folks that are coming in. particularly if they're on a path to legalization, are not doing the same task. they're not going for the same jobs as, say, an american with a high school degree. ultimately, this raises all those, and it's something that the dynamism of our country is based upon. >> and at the same time, the president, as he's done successfully in the past, he's got this idea to win over the public. let me play for you a little part of that big speech he gave in las vegas. >> remember that this is not just a debate about policy. it's about people. it's about men and women. and young people, who want nothing more than the chance to earn their way into the american story. >> there's a new gallup poll out today, chris. he has a 70% approval rating with hispanics. we know they voted for him by 71%. both sides are doing various things to try to court that vote. the republicans got
and lots of attention. one thing that wasn't really in there in any specificity was the economy. it's a way forward on how she thinks the next right steps or what he thinks the next right steps are on the economy. there's some sort of gray area here in where he wants to head. >> now, before we get to chuck hagel, the sort of train wreck that happened yesterday, ruth marcus, the white house is coming out or hhs is coming out with new rules to liberalize the guidelines so that religious institutions are somewhat insulated, somewhat more insulateded. first of all, they're going to more broadly define religious institutions. also, give a separate provider so that the religious institutions themselves don't have to provide birth control to their employees. >> well, first of all, you said white house, and even though hhs issues these guidelines, one can be fairly sure that the white house was closely following this because this has been a difficult issue for them. what they did today was really an elaboration of a plan that they had proposed earlier. the theory, as i understand it, is that it won
of things going on here, the fed has been propping up the economy. we know this, for years now, and the fed meeting going on today, more from the fed today. corporate profits coming in. not hiring, but squeezing out money and that's what the dow and the s & p measure, right? not job prospects, but corporate profitability and that's been doing well and the economy is healing and investors coming back in part because of the housing market is convincing regular people that things are getting better. look at home prices. it's been years that i could say home prices rose 5% year over year, soledad. >> it feels so good. >> does it last? a lot of people say, wow, it looks like we are set up for a fall. when regular people come rushing in, the market falls down. we're in the final stages of a long bull run. but sometimes that can be the most profitable for people. that's why investors coming back in. >> christine, thank you. >>> a damning new report that puts alex rodriguez and several other plays in the center of -- surprise, surprise -- performance-enhancing drugs. they got human growth hormone a
economy, this congress said no, our motto would be in god we trust. and when i was a young boy, john kennedy facing the cuban missile crisis said this, the guiding principle of this country has always been, is today and will forever be in god we trust. mr. speaker, with that great history of faith, why is it that faith is under attack so much across this nation? well, mr. speaker, tune in, because in a few weeks, we will be back on this floor and we'll tell you who's doing it and why they are doing it and what we need to do to stop it. i thank you and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 3, 2013, the gentleman from new york, mr. jeverries is recognized for 60 -- mr. jeffries is recognized for 60 minutes as the designee of the minority leader. mr. jeffries: i ask for unanimous consent that the -- be entered into the record a letter from the distinguished gentlelady from texas, mrs. johnson. the speaker pro tempore: without objection. mr. jeffries: today we are here as members o
to turn around that state's economy. when it comes to the issue the health care, the governor is going head to head with the president. >>gretchen: brian met up with the governor down in baton rouge. what did you find out, brian? >>brian: it was ironic yesterday. governor jindal is talking about knocking taxes down to zero for the people in louisiana. watch. >> since i've been governor, for example, we've got 17,000 fewer government jobs, government positions. we've got now our state budget is 26% smaller. i made it absolutely clear we're not going to raise taxes, but look at what's happened. per capita income, our sri lanka hiren -- our rank is higher than 80 years. for five years in a row we've had more people move into the state rather than leave the state. >>brian: phil mickelson deserves credit by bringing this front and center. i'll paraphrase. i'm giving away 60% of my income. you are looking to do what california is not. that is knock their state tax down to zero. how do you make up that revenue if you want to join florida and texas? >> in louisiana, we've got the fourth-lowest
to be an economy of force response. but, you know, first of all, you know, that has always been our -- other than actual the physical defense of the continental united states or the legal united states, you know, that's been our principal security interest ever since before we were a nation. it's clearly a moment in time where the -- and, of course, through history the patterns have gone back and forth between more autocratic and more liberal governments and regimes in that area. and we have a lot of partners with whom we could be working. we have had a, i mean, our model partnership with colombia which, you know, has been a pretty low-level thing, one which the house of representatives has traditionally kept very close tabs on is a model, counterinsurgency partnership. if we had aped that model in some of our middle east engagements, we would have been much better off also today. but it suggests that, um, again -- and it's possible to work with the brazilians, for example. the brazilians were the leading force in the u.n. mission in haiti. so it, some good things have been happening even while t
are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [♪ theme music ♪] >> announcer: broadcasting across the nation, on your radio, and on current tv this is the "bill press show" >> bill: president obama now approval rating of 60%. good morning, everybody, great to see you today it is thursday. thursday january 31st. this is the "full court press" how about it? we're coming to you live all across this great land of ours from our studio here on capitol hill, our little radio factory, tv factory book factory, right in the shadow of the capitol dome so we know what is going on here, around the country and around the globe. we'll bring you up to date and give you a chance to sound out about it. you can do so by giving us a
. the economy is starting to improve. i want to see it improve even faster. and in a broader sense, so that those who are at the lower end of the economic scale, including african-americans, latino americans and others can start to come up. ultimately, those numbers that you just cited are going to be fixed by an improving economy and an economy that is spread out more. and more and more african-americans will benefit and latino americans if they also get the education needed for the more demanding jobs. >> bill: you seem to be voting again on hope in 12 because we haven't seen an economic improvement in this country very much. and, in addition, the big spending policies of the democratic party and the president have driven the debt as you know to close to $17 trillion and he is the biggest spending president in history. you said something very interesting. education. we spend more per capita on education than any other country in the world than switzerland. all right? it isn't the money. but the money continues to flow. it's the discipline. it's the descent congratulation of the famil
department will release its first jobs report of the year, which is expected to show the economy largely unchanged from the last month of 2012. unemployment rate still at 7.8%. >> and we're going to hear -- the president's jobs council. >> exactly. >> will weigh in. >> i was just getting to that. >> this report is critical. >> okay. >> you need a jobs council. >> fine. they're getting rid of it. >> a lot of times i'm critical of this administration, but i think -- i think putting together jobs, willie, what did i say? this jobs council thing. he's got it right. this is going to be big. >> they're all going to be on, too, today. in their robes, they're going to come on and break down the numbers. >> i love it. >> new collaborations with businesses are going to be announced soon. >> the jobs council is? >> no, that's going away. they're getting rid of it. >> what? >> they wear helmets, the job council. >> stop it. >> you mean the guys on the jobs council have lost their jobs? >> yeah. >> this has not turned out how i expected. oh, my lord! >> all right. >> what else we got going? bradley's
. president obama shifting focus back to the economy after encouraging economic news friday. >> home prices are starting to climb again and car sales at a five-year high. manufacturing is roaring back. the business created 2.2 million jobs last year and our economy created more jobs than econom t economists originally thought. >> jones industrial average closed about 14,000 on friday, the highest since 2007. the los angeles mayor has put an end to speculation that he will be joining the obama cabinet. there is talk he might be transportation secretary. he said he will finish out his term as mayor. in massachusetts, former senator scott brown said he will not be running for the senate seat vacated by john kerry, but there is speculation that brown could have his eye on the governor's seat when patrick steps down in 2014. we will take you to boston to big deeper into that story later in the show. a whole lot to get to first. vice president biden is in germany and talking international security with diplomats from around the globe. in his speech earlier he called the president a tyrant and sa
sensitive to the economy, those are areas where investors are pushing a lot of money because they're worried overall about the pace of economic growth but they think there's something happening here in the economy, slow healing that will help corporate profits. the dow and s&p 500, they are a gauge, a temperature, if you will, of how companies are doing, not necessarily how you are doing. so why are they so close to this high again? the fed has been stimulating the company for months. actually years now. corporate profits are still holding in their, companies are making more money. not necessarily with hiring, but they are making more money and that benefits shareholders. doesn't benefit employees, but it benefits hair shoulders. so that's what you are when you own stocks. and that healing economy is something we're seeing piece after piece of data show us. we'll get a lot more this week. people feel better about housing. putting money into stocks again because the value of your biggest asset is rising. in november, year over year, home prices rose 5.5%. i haven't been able to say that for y
the city has a $400 million surplus. it is due largely to strong revenue collection and an improved economy. d.c. council members want to spend money on homeless services welfare programs, and education. one resident that we spoke with suggested taking all the money and refunding it to the taxpayers. >> that might help the economy. giving the people refund, they will spend the money. that really would keep some people higher and boost business. >> mayor vincent gray is likely to argue most of the money should go into the city's reserve fund. 6:06. countdown to the ravens super bowl niners. just five days. >> the ravens arrived in orleans on monday following their big sendoff party in baltimore. there's also a flock of purple fans to welcome them. john gonzalez is in new orleans. they sent a train out. >> we are coming to you from outside the hilton in downtown new orleans next to the remark market place along the mississippi river. -- along the river wawalk marketplace. the giant posters. fans are traveling here. the french quarter has purple and black visible in storefronts and walking up
economy, if you will, a more and more consumers are using their debit card. more and more consumers are using their credit cards. >> a penny fear your thoughts, or lucky penny or things like that. martha: the u.s. is wrestling with the same issue. you know when you go to buy something and you have the canadian penny. gregg: you should patiently take them out. i put them all in a jar and once a year i take them down to the bank and i get $10. martha: that's what guides are for. get them to roll them up. gregg: welcome to bin ladenland. pakistan to build an amusement park in the very town where a team of u.s. navy seals killed the al qaeda leader. eric, what are they planning? >> reporter: imagine you win the super bowl and they say what are you going to do now? you say i'm going to abbottabadland. the notorious town where usama bin laden was killed by navy seals in 2011. it will start at 50 acres. they hope to go up to 500 acres. it will include a heritage park, jogging trails, rock climbing. mini golf, everything for a well-heeled pakistani family to go to for the weekend. it turns
,000 mark. don't break out the bubbly yet, the economy shrunk. >> so what? >> what does it mean al jazeera? >> i'm not sure i don't know. >> all that the maers. >> ray lewis strongly denied any link to deer antler velvet. >> it's never been a question if i ever even thought about using anything. >> lewis says it's ridiculous he would use deer extract, then he darted across a busy road and hopped into the field. >> i really think i'm the greatest receiver to ever play this game. >> i impacted the game by winning super bowls. >> randy moss told his teammates they are in new orleans on a business trip and went back to his job catching a ball for money. >>> welcome to "cbs this morning." breaking news a large and dangerous storm is moving from the south. it hit eastern missouri arkansas and tennessee. homes were damaged trees and power lines knocked down thousands lost power. >> the front stretches from texas to the northeast. one man has been killed in nashville and the storm also left its mark across indiana. reporter jessica hayes of wish-tv is in indianapolis. >> reporte
the economy shrank at the end of last year. also the fed said that economic growth has stalled. but stocks largely shrugged off that news closing down -- you back with us here? i'll keep going. the dow and s&p 500 are nearing all-time highs. so, the question, christine romans, is why? why are we at near all-time highs? >> almost the better answer is why not. europe has not fallen apart. the fed is still pumping this money into the system. jobs are slowly growing in the country. so you have stocks here at these near record highs, not there yet, but near record highs. everyone is saying why are they doing so well? the biggest single reason is the fed. yesterday the federal reserve chief said they would continue to do that. basically for the foreseeable future. that's why the markets have been doing well. plus people are coming into the market now. it's a 5-year-old bull market, so it's a bull long in the tooth, but bull markets can still run. people are coming in, that new money is moving things higher. one thing that didn't go higher is the new company called blackberry. used to be called r
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